Swiss Market Ends Marginally Down
(RTTNews) - The Switzerland market ended marginally down on Friday after moving in a tight band. The market did manage to emerge above the flat line a few times during the day's session, but failed to find enough support to stay positive. Data showing an increase in the nation's unemployment rate hurt a bit.
Upbeat U.S. jobs data helped limit the market's downside.
The benchmark SMI, which moved between a close range, ended with a loss of 15.23 points or 0.13% at 11,997.09. The index touched a low of 11,958.56 and a high of 12,030.88 in the session.
SGS ended down 1.76% and Givaudan closed lower by 1.58%. Lonza Group, Geberit, Alcon and Roche Holding lost 1 to 1.39%.
Sika, Schindler Ps, VAT Group, Swisscom and Nestle ended modestly lower.
Swatch Group rallied about 2.75%. SIG Group gained nearly 2% and Sandos Group climbed 1.69%. Zurich Insurance, Julius Baer, Holcim, UBS Group, Lindt & Spruengli, Swiss Re, Straumann Holding and Kuehne + Nagel gained 0.6 to 1%.
Data from the State Secretariat for Economic Affairs said the Swiss unemployment rate edged up to a non-seasonally adjusted 2.5% in September, compared to market forecasts and August's rate of 2.4%. Adjusted for seasonal factors, the jobless rate stood at 2.6% in September.
Meanwhile, the youth unemployment rate, measuring job-seekers between 15 to 24 years old, remained steady at 2.7% in September.
Swiss Market Settles Modestly Higher
Japanese Market Notably Higher
Thai Bourse May Halt Losing Streak On Thursday
Australian Market Slightly Lower
Indonesia Shares Tipped To Open In The Green
Hong Kong Shares Poised To End Two-Day Slide
China Stock Market May Stop The Bleeding On Thursday
